New Motor Carrier Coverage Form – Verbal Lease Agreement/ Other Insurance Primary?
Does a verbal lease agreement affect the scope of coverage?
There must be a written agreement between the lessor of a covered auto and an insured for coverage to apply. If there is no written agreement, coverage will be disputed. For Hired Auto Physical Damage, expenses for which an insured becomes legally responsible to pay for loss of use of a vehicle rented or hired without a driver will be paid if there is a written rental contract.